Technological Progress, Structural Change and Productivity Growth in Manufacturing Sector of South Korea
This paper focuses on the impact of technology, structural change on the aggregate productivity growth in manufacturing sector of South Korea, using the eight firm size classes over the period 1970-2000. The conventional shift-share analysis is used to measure the impact of shift of both labor and capital inputs. The results show that structural change on average has been conducive to productivity growth during the 1970s and this pattern reversed afterwards. Small and medium industries were more dynamic in terms of reallocation of resources, however, their positive impact out-weighed because of the dominance of large sized firms in the manufacturing sector. Deliberate state policy favoring large sized firms has impeded restructuring process facilitated by technical progress may have a penalty in terms of forgone growth.
|Date of creation:||2004|
|Date of revision:|
|Publication status:||Published in World Review of Science Technology and Sustainable Development No.1.Vol.1(2004): pp. 37-49|
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Web page: http://mpra.ub.uni-muenchen.de
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